Itemized Breakdown Clause Samples
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Itemized Breakdown. The Contractor shall submit a financial breakdown of the work, itemized by crafts or sections as designated by the Project Manager. The Contractor's payment shall be based upon the monthly percentage of completion of these items.
Itemized Breakdown. The Borrower, when requested by the Lender, shall promptly furnish the Lender and/or Inspector with an itemized breakdown of the hard and soft construction costs of the Improvements which are to be or have been made subject to the terms of this Agreement. Loan proceeds for items not associated with the construction of project Improvements (e.g., architect's and engineer's fees, impact fees, equipment, reserved interest and other soft cost reserves) will be advanced no more frequently than twice a month, in accordance with the approved budget for the project and upon presentation of a proper, fully documented request satisfactory to and approved by Lender. Lender may require the submission of corresponding invoices, paid receipts, canceled checks, lien waivers, and/or bills-of-sale, as it may determine, from time to time, in its sole discretion.